Elecon Engineering files BRSR for FY26 with ESG targets
Elecon Engineering Company Limited filed its Business Responsibility and Sustainability Report (BRSR) for FY26, detailing ESG initiatives such as achieving 20%-30% renewable energy consumption and committing to reduce Scope 1 and 2 emissions by 54.6% by FY 2033. The report also covers workforce statistics, governance policies, and regulatory penalties, including fines under appeal and a waived NSE penalty.
*this image is generated using AI for illustrative purposes only.
Elecon Engineering Company Limited has submitted its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26 to the stock exchanges. The filing, made on June 2, 2026, details the company's adherence to Environmental, Social, and Governance (ESG) principles and its performance against the National Guidelines on Responsible Business Conduct (NGRBC). The report highlights the company's commitment to transparency, accountability, and sustainable development across its operations in the transmission and material handling equipment sectors.
The company reported a paid-up capital of ₹ 2,244.00 Lakhs and stated that exports constituted 8.01% of its total turnover for the year. Elecon Engineering's primary business activities include the manufacturing of gears and bulk material handling equipment, which accounted for 61.62% and 36.06% of the total turnover respectively. The company operates two manufacturing plants and 13 offices nationally, serving 30 states and union territories in India and 32 countries internationally.
Sustainability and Energy Initiatives
Elecon Engineering has integrated ESG factors into its corporate strategy, focusing on minimising its environmental footprint. The company has an installed renewable energy capacity of 5.5 MW in solar and 13.25 MW in wind energy, achieving 20%-30% of its total energy consumption from renewable sources. Strategic projects are underway to enhance wind capacity to 3.3 MW and solar capacity to 5 MW, although the commissioning timeline has been extended to the financial year 2026-27 due to adverse climatic conditions.
The company has committed to Science Based Targets initiative (SBTi) goals, aiming to reduce absolute Scope 1 and Scope 2 greenhouse gas emissions by 54.6% by FY 2033. Additionally, it plans to ensure that 81.4% of its suppliers by emissions covering purchase of goods and services are aligned by FY 2028. To support these goals, the company inducted three electric forklifts and ten e-kick scooters to reduce fossil fuel consumption.
Employee Welfare and Governance
The company's workforce comprised 939 employees and 1,513 workers as of the end of the financial year. Women accounted for 2.77% of the total employees and 0.20% of the total workers. The Board of Directors included one female member out of eight, representing 12.50% of the board. Elecon Engineering reported that 100% of permanent employees and workers were covered by health and accident insurance.
Governance structures include policies approved by the Board covering all NGRBC principles. The Board reviews sustainability policies on an annual basis. The company has established mechanisms for grievance redressal for employees and workers and maintains an anti-corruption policy as part of its Code of Conduct. CNK & Associates LLP provided reasonable assurance for the BRSR Core KPIs and limited assurance for Essential Indicators.
Financial and Regulatory Disclosures
The BRSR disclosure included details of fines and penalties paid during the financial year. The company faced a penalty of ₹ 5.69 Lakhs from the Superintendent of Central GST & Central Excise, Anand, regarding non-compliances by a customer, and ₹ 11.99 Lakhs from the Dy. Commission of State Tax, Surat, due to a mismatch of name in ship-to consignment. Both penalties are under appeal. Additionally, the National Stock Exchange of India Limited (NSE) levied a penalty of ₹ 0.60 Lakhs for delayed submission of compliance, which was later waived.
| Metric | Details |
|---|---|
| Financial Year | 2025-26 |
| Paid-up Capital | ₹ 2,244.00 Lakhs |
| Total Employees | 939 |
| Total Workers | 1,513 |
| Female Employees | 2.77% |
| Female Workers | 0.20% |
| Export Contribution | 8.01% |
| Renewable Energy Consumption | 20%-30% |
| Assurance Provider | CNK & Associates LLP |
Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE205B01031/8379e7d5175d4d33.pdf
Historical Stock Returns for Elecon Engineering Company
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.97% | -0.25% | +1.08% | +10.81% | -24.67% | +754.26% |
How will the delay in commissioning the new wind and solar capacity projects until FY 2026-27 impact Elecon's ability to meet its interim SBTi emission reduction targets?
What specific strategies does Elecon plan to implement to significantly increase female representation in both its workforce and Board of Directors to align with broader diversity standards?
Given the current reliance on renewable energy for only 20%-30% of consumption, what additional capital expenditures are planned to bridge the gap to the 54.6% absolute emission reduction goal by FY 2033?
15
Access Market Heat-map & Insights 
Create, Save & Share your Screener 
Use 200+ Screening Filters 
